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's the issue with 2011 here? >> well, look, obama has said i'm going to tax rich people and implying he's not going to tax you. in fact, he passed tax increases on average income americans many many times during his presidency. there are 20 different taxes in obama care that we will all be paying. in addition to that, of course obama's new promise that he won't tax rich people, he's got a new term limit on it, 12 months. only next year, after that we could have a vat or other things. so if you are obama and you intend to allow the bush tax cuts to lapse, so there's a 500 billion dollars tax increase on low income people, middle income people, all americans, you want to talk about anything other than the tax increases that you have scheduled. i mean he's running up trillions of dollars of debt over the next deca decade, according to his budgets. the only way he pays for them since he's not cutting spending is to raise taxes on everyone. what do they want to do? oh gee what did romney pay in taxes four or five years ago? that has nothing to do with anything. we ought to be reducing taxes
reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
, no minority got obama for. >> obama phone. she's talking about a real government program that subsidizes cell phones for the poor. guess what? you might be paying for it. did you know that? i'll speak with a congressman about how he's trying to reign it in next. >>> then, think about a 75% tax rate. that could be a reality in france. the question is whether it could happen here. a mitt romney supporter gives us her take in a few minutes. >>> and he's the head of one of the richest sovereign wealth funds. he sits down with me for an exclusive in a few minutes. he owns a number of banks. find out where he's investing. back in a moment. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
the parties involved, how much our personal relationships between netanyahu, president obama, netanyahu, mitt romney, how much is that playing into what we'ree hearing about this and other issues? >> i don't think what the prime minister did yesterday had any, but i think people seem to discard the importance of personal relations. in a politics and international relations or even national affairs, not love affairs and not all about rumors. at the same time personal relations come and all you have to do to have this brought home to you is remember the very bad relations between president roosevelt in the second world war, a very great extent america's decision to enter the war, to help the united kingdom because of the disdain and distrust between those two leaders. i believe personal relationships to count and i hope whoever the next resident i is, relations between him and the prime minister of israel will be as they always were. warm, trustful, genuine and ones of great strategic alliance. connell: thank you very much for coming into the studio today. appreciate it. thanks. dagen: vast maj
. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's happening as protests pick up in spain, and you see more concerns coming in greece right now about austerity measures. the german dax is down by about 1.5%. the nikkei in japan was down by 2%. >>> in "sporting news," the atlanta braves are on their way to the postseason in. the boft the ninth against the marlins last night, freddy freeman connected and takes it to straight center for a walk-off homer. exciting.
are today. for president obama it is his thirteenth trip this year. he is stopping at two university's. mitt romney making three stops. he has been to ohio ten times since many. now back to melissa frances. rich: thank you so much. lovely and talented. president obama will easily win reelection in november. in trade prediction numbers showing him trouncing mitt romney 75% to 25%. wall street is buzzing about who will be president obama's next treasury secretary and charlie gasparino has the latest from the executive. charlie: i hate to say mitt romney is a loser now six weeks out. there's a lot of campaigning government of the oddball fbn -- melissa: sounds like four people abetting. charlie: the lot of people betting and it is usually right but it moves around a lot and it is usually right. in any event we are not announcing that romney is dead and the campaign is over. we are saying what they're saying and wall street and it is not just the traders that use it but used by traders and also inside the executive suites they don't see a chance for mitt romney winning and right now what they ar
. >>> still to come this morning on squawk, president obama, mitt romney and their respective campaign staffers hitting the airwaves. we'll have some of the highlights. and in the next hour, we have two of the world's most renowned scholars in the field of energy. why they argue that the situation in iran could be a game changer for crude prices. meantime, iranian hackers are have said to have attacked jpmorgan and citigroup. we'll talk cyber security. and ask reputation.com's michael fertik is the nation's banking system is at risk. ffrs . >>> tomorrow on "squawk box," an hour with our guest host barry diller who ran pariramount and fox. we'll talk politics with jeb bush. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> last night both mitt romney and president obama were on "60 minutes" and this was a chance to see both of the candidates. it was a very interesting way of watching about it, among the topics th
europe's crisis. >> and president obama is set to address the u.n. general assembly in new york a day after inflammatory comments from ahmadinejad. we're looking for a bit of a rebound after closing lower yesterday. dow jones trying to add about 10, 11 points here. nasdaq and s&p also looking to add here. but again, this follows a down day yesterday. but it was a monday, so what do you expect. global 300, we can focus in here on the european bourses because we were across the board same thing, indecisive attitude. ftse 100 basically flat. xetra dax 4/10 of a point. cac 40 down 0.4%, so not just germany. ibex 35 trying to add 0.3%. it did just auction off debt paying a little bit more for those 12 month bills than last time. >> we did see as kelly rightly says yields slightly higher. spanish debt yields there also slightly higher. look at this, ten year u.s. yield now 1.69%. so we are back to the levels if not below the levels we were at before the fed announced another bout of quantitative easing. euro-dollar pretty much at the levels we were at this time yesterday. dollar-yen is weak
all registered voters, obama hold as five point lead, but 52% of them are being a stros swi acrosses swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. d
contributors to barack obama. so let's focus on the left side of the aisle this morning. we're using fresh data here from the center for responsive politics, focusing on donors who gave to groups that contribute some or all of their money to the presidential race. we're going to start with number five, jeffrey katzenburg, the ceo of dreamworks. he and his company have been lobbyists for a lot of copyright companies in washington as well as protection against china. katzenberg attended a lunch with biden and top chinese officials. after that, dreamworks has a jv with the son of china's president. going on to our number four on the list is jim simons. he is the founder of renaissance technologies. and he is the richest of the democratic dee nonors with a ne worth of $11 billion. education is a big issue for the democrats. math education and reform of public education, big issue for jim simons, who i'm sure will be a big voice for democrats. remember, president obama's change of position on gay marriage this summer, shortly after that, he got a big check from a guy named jon stryker, architect in
area today which a republican hasn't won in nearly 25 years. pennsylvania, that is. president obama sticks close to washington today, though, with three fund-raising events. both men were in virginia yesterday catering to the state's strong u.s. military and defense industry presence. mary jo is still with us. is mitt romney in pennsylvania because he thinks there's a chance? how important is winning pennsylvania to him? >> pennsylvania is one of several battleground states in this election and it comes town really to a handful of states including ohio and florida and of course pennsylvania and virginia. the undecided vote so far is very small, but let's keep in mind at this stage ronald reagan in 1980 was running about five points behind jimmy carter. by mid october, he was 13 points behind and yet he won the election by nine points. >> what do you think will be that catalyst for swinging things in mitt romney's favor? >> a strong debate by mitt romney. there are three of them coming up. a misstep by the president. some sort of international incident to thinks that might come out a
it as a china manipulate directory while obama accuses of profiting from jobs september overseas. >>> japan continues to take a hard line in its territorial dispute. let's go to the nikkei following the story for us. >> yes, prime minister noda is sticking to a hard line that japan will not compromise over its territorial issue dispute with china. in a speech to the urn and press conference yesterday, he stressed the islands are an integral part of japan and the issue should be settled under international law. but china reacted by saying china has broken international law. meanwhile the tensions continue to damage china related businesses. cancellations for flights to and from china have reached 40,000 seats. and production cuts are in china. >> stay there for one second. another story that we're following as relations between japan and china aren't going so well, japan may be getting companyier with myanmar. is that right? >> yes. the japanese government is teams up with myanmar's public and private sectors to set up a training center next spring. the aim is as to boost business skills to
if it was president obama gets re-elected, then at the high end you'll see the bush tax cuts not extended for the high end. and then -- but if romney wins it, you would see them all extended. is there one that would have a better outcome in your view? >> you know, i think there's a -- there's a tension between two different things here. on the one hand, there's a sense that in the very near term with a weak overall economic performance continuing that raising levels of taxes wherever in the distribution may have some negative effects on economic growth. and then there's a harder long-term question, frankly, which is how tax rates on capital gains, on dividends which feed through a somewhat complicated channel by encouraging various kinds of saving activity and ultimately lowering the cost of capital to businesses and encouraging investment, how that translates into long-term economic growth. that is frankly a difficult chain to try to measure in any precise way, and consequently it's harder to be able to trace through the quantitative impacts on growth to follow through on channels for that. >> to fol
obama. > > what about contractors? you're finding that as full- time employees are dropping, those numbers are dropping, that in fact 1099 people, the contractors, are increasing. > > right, certainly some of what we're seeing, if there are jobs that are being added, or at least keeping us from dropping further, is that we're seeing more independent contractors added as opposed to full-time workers. that creates a challenge for people, because you don't have the comfort of a long-term, stable job. you don't often have the health insurance. you have to pay in for your own social security benefits. it's more challenging for the work force. > > what is the one thing that small businesses would like to see - outside of a new president - to really give them the kickstart they're waiting for? > > the number one thing we're hearing from small businesses is not easy to fix, and that is they need demand. they need more demand for the services and products that they sell. > > and that's sort of a chicken-egg... > > right. and until we figure out how to do that - and there's lots of ways of d
, that, those are things that can help the economy. i don't see anything in the obama campaign that will help the economy. he has a debate, they have a debate on concerns wednesday. do you think that he should begin the debate by focusing on his tax plan? >> wiser political people than i will have to make that call but i would certainly think it would be an opportunity to explain to the public that cutting taxes is a way of encouraging people to invest, to expand, hire and that's really what the economy needs. david: finally, the federal reserve board, you have been critical of the federal reserve board and its actions. some people say ben bernanke says, while there is no inflation there is not necessarily an economic cost to doing all of the bond buying they have been doing, the money printing they have been doing. is there a cost and if so, what is it? >> i think there is a longer term risk. i think right now it is doing very little good. lowering interest rates at a time when mortgage rates are at rock bottom, when corporations are awash in fund, doesn't do any good. i think
Search Results 0 to 15 of about 16